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International Financial Reporting Standards IFRS Training Course in Dubai

Financial reporting has become an important driving force for accounting, economic and political reform in many parts of the world. Convergence of financial reporting standards has considerable benefits to prepares of accounts, for listed companies, investors, multinational business and the global economy.

  • About the Course
  • Certification Body
  • Download Brochure

Overview of the IFRS Training Course

IFRS Training Course offers a comprehensive introduction and updates to the field of International Financial  Reporting and International Financial Reporting Standards, tracing the history of the International Accounting Standards Board (IASB) from its early roots through to the recent changes and future developments. Structured in a readable and user-friendly format, the course distills key information into easy-to-digest bullet points, provides useful summaries and examines, topic-by-topic, specific standards. Frequently asked questions and answers expand on the points covered, while case studies are based on real-life examples. In addition a large number of exercises, multiple-choice questions and sample
answers enable you to confidently test your knowledge and guide you as you progress through the course and help you to achieve IFRS Certification.

Primary course objectives:

  • To help you understand how International Financial Reporting Standards (IFRS) are used around the world
  • To explain the workings of the IFRSF/IASB and how these are being changed
  • To examine the fundamental requirements of IFRS on a standard-by-standard basis for the benefit of preparers, auditors and users of financial statements
  • To provide guidance on how to use IFRS in practice with the aid of questions, cases and exercises
  • To explain the fundamentals of IFRS qualification
  • We provide guidance on how to achieve IFRS Certification 

DiplIFRS-Overview and objectives

Course objectives

  • To help you understand how International Financial Reporting Standards (IFRS) are used around the world
  • To explain the workings of the IFRSF/IASB and how these are being changed
  • To examine the fundamental requirements of IFRS on a standard-by-standard basis for the benefit of preparers, auditors and users of financial statements
  • To provide guidance on how to use IFRS in practice with the aid of questions, cases, and exercises.
  • To provide how to crack IFRS Certification

On completion of the Diploma IFRS Course candidates should be able to:

  • Understand and explain the structure of the framework of international accounting
  • Apply relevant financial reporting standards to key elements of financial reports
  • Identify and apply disclosure requirements for companies in financial reports and notes
  • Prepare group financial statements (excluding group cash-flow statements) including subsidiaries, associates and joint ventures.
IFRS International Financial Reporting Standard

Who needs the IFRS Training Program?

The target audience is professional accountants and auditors, qualified in accordance with their national accounting standards. However, it is possible for those with experience, but no formal qualifications in accounting and auditing to register for this Certificate and those who want a better IFRS Qualification.

Learning Outcome of IFRS Training

  • IFRS Course will help you to understand and explain the structure of the framework of international accounting
  • Apply relevant financial reporting standards to key elements of financial reports
  • Identify and apply disclosure requirements for companies in financial reports and notes
  • Prepare group financial statements (excluding group cash-flow statements) including subsidiaries, associates and joint ventures

Detailed Course Content:

CertIFRS – Certificate in International Financial Reporting

The nature and operations of the IASB

  • Structure of the IFRSF/IASB
  • Extant standards of the IASB
  • The framework

The status and use of IFRSs around the world

  • The use of IFRS around the world
  • The IASB roadmap
  • The annual IASB bound volume and its use

Presentation and profit

  • IAS 1, Presentation of financial statements
  • IAS 18, Revenue
  • IAS 8, Accounting policies, changes in accounting estimates and errors

Asset recognition and measurement

  • IAS 16, Property, plant and equipment
  • IAS 38, Intangible assets
  • IAS 40, Investment Property
  • IAS 36, Impairment of assets
  • IAS 23, Borrowing costs
  • IAS 20, Accounting for government grants and disclosure of government assistance
  • IAS 2, Inventories
  • IAS 11, Construction contracts
  • IAS 17, Leases
  • IAS 32, Financial instruments – presentation
  • IAS 39, Financial instruments – recognition and measurement
  • IFRS 9 Financial instruments
  • IAS 41, Agriculture
  • IFRS 7, Financial instruments: disclosures
  • IFRS 6, Exploration for and evaluation of mineral resources
  • IFRS 5, Non-current assets held for sale and discontinued operations

Accounting for liabilities

  • IFRS 2, Share-based payment
  • IAS 37, Provisions, contingent liabilities and contingent assets
  • IAS 10, Events after the reporting period
  • IAS 19, Employee benefits
  • IAS 12, Income taxes

Group accounting

  • IAS 27, Consolidated financial statements and accounting for investment in subsidiaries
  • IFRS 3 Business Combinations
  • IAS 28, Accounting for investments in associates
  • IAS 31, Joint ventures
  • IAS 21, The effects of changes in foreign exchange rates
  • IAS 29, Financial reporting in hyper inflationary economies

Disclosure standards

  • IAS 7, Statement of cash flows
  • IAS 24, Related party disclosures
  • IAS 33, Earnings per share
  • IAS 34, Interim financial reporting
  • IFRS 4, Insurance contracts
  • IFRS 1, First time adoption of IFRS
  • IFRS 8, Operating segments

Principal differences between key national GAAP and IFRS Proposals for change

DiplIFRS – Diploma in International Financial Reporting-IFRS Qualification

A. International sources of authority

  • The International Accounting Standards Board (IASB) and the regulatory framework

B. Elements of financial statements

  • Revenue recognition
  • Property, plant and equipment
  • Impairment of assets
  • Leases
  • Intangible assets and goodwill
  • Inventories and construction contracts
  • Financial instruments
  • Liabilities – provisions, contingent assets and liabilities
  • Accounting for employment and post employment benefits
  • Taxation in financial statements
  • The effects of changes in foreign currency exchange rates
  • Agriculture
  • Share-based payment
  • Exploration and evaluation expenditures

C. Presentation and additional disclosures

  • Presentation of the statement of financial position, income statement and statement of comprehensive income
  • Earnings per share
  • Events after the reporting date
  • Accounting policies, changes in accounting estimates and errors
  • Related party disclosures
  • Operating segments
  • Reporting requirements of small and medium sized entities (SMEs)

D. Preparation of external financial reports for combined entities, associates and joint ventures

  • Preparation of group consolidated external reports
  • Business combinations – intra-group adjustments
  • Business combinations – fair value adjustments
  • Business combinations – associates and joint ventures

To know more about  International Finance Reporting Standard IFRS Certification body click here

Zabeel offer professional Training for IFRS Qualification and other Fianance and accounting courses

About certification and Awarding Body – Option 1

Certification Title: 

  1. CertIFRS – Certificate in International Financial Reporting
  2. DiplIFRS – Diploma in International Financial Reporting

 

About Awarding Body:

Since the formation of the International Accounting Standards Board (IASB) in 2001, the harmonization of financial reporting has become an important driving force for accounting, economic and political reform in many parts of the world.
Convergence of financial reporting standards has considerable benefits to preparers of accounts, for listed companies, investors, multinational business and the global economy.
Reducing the barriers to multinational investing and promoting a more efficient and transparent capital market requires the adoption of a robust set of principles based financial reporting standards, broadly accepted and supported by the wider international accounting and investing community.
Since 2005 all listed companies in the European Union (EU) have been required to prepare consolidated company accounts in compliance with international financial reporting standards (IFRS). In many other parts of the world there is an increased acceleration towards adoption of IFRS or for the harmonization of national accounting standards with IFRS. Furthermore IFRS is the basis for the accounting treatments prescribed within the IFRS for Small, Medium Entities.
The Certificate in International Financial Reporting (CertIFRS) is an ideal qualification to help you develop an understanding of IFRS or gain formal recognition for and update your existing IFRS skills and knowledge. The material is updated each year and therefore includes:

  • The latest accounting standards updates and releases
  • An outline of the work programmes and hence plans for development of accounting regulation

The course and assessment are a cost effective and flexible, CertIFRS provides a comprehensive introduction and update to the principles of IFRS and is delivered entirely online.
Studying for a further qualification can count towards your continuing professional development (CPD) as long as the qualification is relevant to your learning and development needs. This qualification can provide ACCA members with almost a whole year of verifiable CPD if the course and assessment is completed and passed, which is a cost effective way to meet your annual CPD requirements.

Eligibility:

Cert IFRS – You do not need to have any experience or formal qualifications in accounting and auditing
to apply for this certificate.

DiplIFRS – 3 yr experience or Degree + 2yr experience or CertIFRS + 2 yr experience.

Examination Pattern:

Cert IFRS:

You must pass the one-hour multiple-choice assessment which is online. The pass mark is 50 per cent. If you fail, you are allowed two attempts to re-sit this assessment. All attempts at the assessment must be within three months of access to the online course. If you fail after three attempts at the assessment, you  will need to pay a further registration fee and will be offered another three attempts to pass the assessment.

DiplIFRS

The Diploma in International Financial Reporting (DipIFRS) is assessed by a single three-hour written exam. You will need to achieve a 50 per cent mark or above to complete the paper.

Examination Dates:

The exam is held twice a year – in June and December at ACCA’s exam centres.

Membership Fee: 236 GBP for a year

Examination Fee:

The course materials and assessment for the Certificate in International Financial Reporting are available together for £210 or can be purchased separately at a cost of £115 each.

ACCA members receive a discount for the Certificate. The course materials and assessment are available together for £168 or can be purchased separately at a cost of £92 each. The discount will be applied automatically when members register online with a valid credit or debit card and enter their ACCA membership number.

About certification and Awarding Body – Option 2

KHDA Certificate :

Course completion certificate attested by KHDA(Knowledge and Human Development Authority, UAE)

The Knowledge and Human Development Authority (KHDA) is responsible for the growth and quality of private education in Dubai. We support schools, universities, parents, students, educators, investors and government partners to create a high quality education sector focused on happiness and wellbeing.

Title : PREPARATION FOR INTERNATIONAL FINANCIAL REPORTING STANDARDS (IFRS)

For application process, please contact us.

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